Accession Number:

AD0742405

Title:

A Note on a Constant Ratio Elasticity of Substitution (CRES) Production Function,

Descriptive Note:

Corporate Author:

RAND CORP SANTA MONICA CALIF

Personal Author(s):

• Cook,Alvin A. , Jr

Report Date:

1971-12-01

Pagination or Media Count:

14.0

Abstract:

In the paper the author derives the values of the parameters that are consistent with convex isoquants in the positive quadrant by minimizing the cost of producing a stated output. The author shows the returns to scale consistent with the possible sets of values for the parameters of the constant ratio elasticity of substituion production function. Author

Descriptors:

• (*INDUSTRIAL PRODUCTION
• *ECONOMICS)
• FUNCTIONS(MATHEMATICS)
• INEQUALITIES
• MATRICES(MATHEMATICS)
• THEORY

Subject Categories:

• Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE